Settling Your Mississippi Workers’ Compensation Case – The Two Types of Settlements in Mississippi Workers’ Compensation Claims
When a Mississippi worker is seriously injured on the job to the extent that they can no longer work their regular job they may wonder what kinds of options they may have for financial help under Mississippi laws. The good news is that under Mississippi workers’ compensation laws, most injured workers in Mississippi are entitled to financial benefits, called workers’ compensation benefits, to help them financially while they heal from their workplace injury and get back on their feet. However, the Mississippi workers’ compensation system is complex, and there are hurdles that most workers must overcome in order to ultimately obtain Mississippi workers’ compensation benefits. Accordingly, some injured Mississippi workers who go through the Mississippi workers’ compensation benefits process may wonder if there is any way to get benefits due to them now, rather than wait the process out. The answer is that it is possible to settle your workers’ compensation claim in Mississippi. In this article we discuss the two types of settlement structures in Mississippi workers’ compensation cases, lump-sum settlements and structured settlements.
Lump-Sum Settlements vs. Structured Settlements in Workers’ Compensation Benefits Cases
Settlement provides certainty to injured Mississippi workers who are interested in obtaining Mississippi workers’ compensation benefits as soon as possible. Importantly, there are two types of settlement structures when it comes to Mississippi workers’ compensation claims. First, there is what is called a “lump-sum” settlement. A lump-sum settlement entitles an injured Mississippi worker to a one-time payment in one sum. On the other hand, there is another type of settlement structure to resolve Mississippi workers’ compensation benefits claims. The second type of settlement structure is called a “structured settlement”. Under a structured settlement, an injured Mississippi worker is entitled to receive period workers’ compensation benefits over a period of time, rather in one payment. Of course, whether either type of settlement is a good option in your Mississippi workers’ compensation case will depend on the facts of your specific case. Accordingly, it is always best to speak with an experienced Mississippi workers’ compensation lawyer about your specific case as soon as possible.
Is Settlement Right for You in Your Mississippi Workers’ Compensation Case?
Just like most things in law, whether a particular path of resolution is suitable or not will depend on the facts and circumstances of the specific and unique individual case at hand. In order to determine your rights, options, and best next steps in your Mississippi workers’ compensation case, contact the experienced Mississippi workers’ compensation lawyers at the law firm Lunsford Baskin & Priebe, PLLC. The experienced Mississippi workers’ compensation lawyers at Lunsford Baskin & Priebe, PLLC are here to help injured Mississippi workers get workers’ compensation benefits due to them. Do not hesitate to speak to an experienced Mississippi workers’ compensation lawyer today about your case. Call the lawyers at Lunsford Baskin & Priebe, PLLC and talk to a lawyer about your rights and options under Mississippi workers’ compensation laws now.
